TOPIC 14 – COMPONENTS OF LANDED COST PART 2 (QUIZ)

Blue Pearl Inc. imported 500 cartons of frozen yellow fin tuna from China arrived at South Harbor with each carton having a dimension of 25 cm x 30 cm x 50 cm and weighs 35 kilograms. If pierside discharging is made, how much is the total arrastre charges, inclusive of value-added tax?

• P13,944.00

• P12,450.00

• P11,620.00

• P13,014.40

Sweet Fruits Inc. imported 250 crates of watermelons from Vietnam arrived at Port of Manila. The packaging is 2 crates per pallet. Each crate weighs 150 kilograms and had a volume of 0.17 cubic meter. If pierside discharging was made, how much is the total arrastre charges, net of value-added tax?

• P6,332.50

• P7,092.40

• P4,972.50

• P5,569.20

Gray Corporation imported 200 sacks of cement from Australia. The shipment arrived at Port of Manila with each sack weighing 170 pounds. How much is the total wharfage dues for assessment purposes under CMO 7-2014?

• P471.08

• P565.14

• P632.96

• P527.61

White Emperor Inc. imported 100 crates containing general cargo arrived at Port of Manila. The packing list shows total gross weight of 450,000 kilograms and a dimension of 1 m x 5 m x 1 m per crate. If pierside discharging is made, how much is the total wharfage dues, inclusive of value-added tax?

• P16,492.50

• P18,471.60

• P15,275.00

• P17,108.00

Zelda Enterprise imported 150 pieces of steel billets from Japan. The shipment arrived at MICP and was discharged via pierside. The shipment shows total gross weight of 240,000 kilograms. Each steel billet had a dimension of 3 ft. x 4 ft. x 5 ft. Exclusive of value-added tax, how much is the total arrastre charges?

• P49,950.60

• P44,598.75

• P37,972.65

• P42,529.37

A construction company imported 7,500 bags of limestone from Singapore. The shipment arrived at Port of Manila and was discharged via shipside. If each bag weighs 12,000 ounces, how much is the total arrastre charges, value-added tax included?

• P673,596.00

• P754,427.52

• P43,375.50

• P48,580.56

A shipment of 3,000 pieces of logs from Indonesia arrived at South Harbor. Each log had a dimension of 5” x 7” x 10’. If pierside discharging is made, compute the total arrastre charges, value-added tax excluded, declared in the SAD?

• P1,662.12

• P1,861.57

• P1,876.21

• P1,625.75

A shipment of 2 units of concrete mixers from Japan arrived at Port of Manila. The total gross weight was 18,000 kilograms. The shipment was discharged via pierside. Compute the total arrastre charges, value-added tax included.

• P10,674.00

• P11,954.88

• P6,462.00

• P7,237.44

A shipment of 300 cartons containing bayonets from France arrived at NAIA. The shipment was coursed thru Formal Entry Division and was assessed with total customs duty of P129,075.00 subject to 15% duty rate. The shipment shows total gross weight of 1,500 kilograms. How much is the total landed cost?

• P996,980.63

• P998,056.25

• P997,196.63

• P998,272.25

A shipment of 2 x 40’ vans containing quartz from Korea arrived at Port of Manila. The shipment was assessed with total value-added tax of P69,630.00. The total dutiable value was assessed at P525,000.00 subject to 3% duty rate. How much is the total landed cost?

• P580,250.00

• P559,250.00

• P540,750.00

• P595,520.00